The Right Way to do Business

The big question is, is there a right or wrong way to do business? I know for me when I set off to do business I was more concerned about what. What service or product will I offer to my clients, and I didn’t really put much thought into the how of business. How was I going to operate my business in a way that I can achieve goals and vision.

I believe this is the case for a lot of us small businesses. We work so hard and sometimes it feels like the progress is not evident. That statistic for small business survival is not in our favor and I wonder if we are asking the “HOW” question. Is there an alternative way of doing business that lets us really prioritize our resources and achieve our goals without the constant burn out. In the last few years I have been researching this very question and my findings have caused me to change the way I do business for the better. I found out that a lot of the companies we admire, and even organizations and governments bodies all use this strategy to ensure that they are staying the course in achieving their goals and vision.

It is called strategic planning, this is how they operate year in year. Strategic planning is the process of determining an organization's direction, developing strategies and allocating resources to stay the course and ultimately achieve the vision. What is your how? What framework do you employ in running your business?

For more on this discussion, Please check out my podcast on Apple, Spotify or Google Play - The Business Essentials podcast.